Nigerian banks posted a strong growth in interest income, hitting ₦15.4 trillion in the past year, as tighter monetary policies by the Central Bank of Nigeria (CBN) boosted earnings. This …
Banking
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BankingBusinessCorporate NewsEconomyFinanceINVESTMENT
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BankingBusinessEastern AfricaFinanceGovernment PolicyInfrastructure
Kenya, UBA Seal $150m Deal to Revive Stalled Road Projects
he Government of Kenya has signed a US$150 million (KSh16.38 billion) financing agreement with United Bank for Africa (UBA) as part of a landmark US$1.35 billion (KSh175 billion) programme aimed …
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BankingBusinessEconomyFintechNigeriaTechnology
Bankit Microfinance Bank Showcases Digital Banking Innovations at GITEX Africa
Nigeria’s digital bank, Bankit Microfinance Bank, has put its name forward as one of the fast-rising players in the country’s financial technology space after presenting its innovations at the just …
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BankingCorporate AffairsDigital TransformationFinance & ServicesInnovationMarketsSocial Media
Top 5 Nigerian Banks Dominating social media in 2025
Navigating the bustling digital sphere, Nigerian banks are in a fierce competition not just for customer deposits, but for attention and engagement. In 2025, social media is no longer a …
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BankingDevelopmentFinanceMALAWIPrivate SectorSMEs
Malawi’s Commercial Banks Urged to Play Bigger Role in Economic Recovery
Malawi’s commercial banks are being called upon to move beyond their traditional role of lending and deposits, and to take a more active position in addressing the country’s economic challenges. …
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BankingCurrency & ExchangeEconomyFinanceGovernment PolicySouthern Africa
Bank of Zambia Withdraws Nearly Half of Old Currency From Circulation
The Bank of Zambia (BoZ) has announced that almost half of the country’s old banknotes have now been withdrawn from circulation as part of its ongoing currency replacement programme. Speaking …
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BankingEconomyFinanceIslamic BankingReligionTravel & Pilgrimage
GCB Bank Rolls Out Secure Hajj Account for Pilgrims
GCB Bank, one of Ghana’s biggest financial institutions, has introduced a new Hajj Savings Account to support Muslim customers planning for the holy pilgrimage. The product is designed to provide …
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AfricaBankingBusiness UpdatesCommoditiesEconomyFinanceInternationalTrade
Egypt’s Foreign Reserves Rise to $49.25 Billion
The Central Bank of Egypt (CBE) said on Monday that the country’s net international reserves grew to $49.25 billion in August 2025, compared to $49.04 billion in July. This means …
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BankingBusinessEconomyFinanceNewsNigeria
CreditPro Finance Secures CBN Licence to Expand SME Lending Nationwide
CreditPro Finance Company Limited has received approval from the Central Bank of Nigeria (CBN) to operate as a licensed finance company, a development expected to boost lending to small and …
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BankingBusinessEconomyFinanceTechnology
FirstBank Customers Face Service Disruption on Digital Channels
Customers of First Bank of Nigeria Limited, popularly known as FirstBank, are currently facing difficulties accessing some of the bank’s major digital banking platforms following a temporary service disruption. In …